In late 2009, Amazon introduced PayPhrase, an electronic payments system intended to compete with PayPal. Less than
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In late 2009, Amazon introduced PayPhrase, an electronic payments system intended to compete with PayPal. Less than three years later, in early 2012, Amazon discontinued the program. PayPal is by far the largest electronic payments system. What problems might competitors encounter in trying to set up a competing system?
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Money, Banking, and the Financial System
ISBN: 978-0134524061
3rd edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
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